Tesla backers out there, would you bet $10,000 that Elon Musk is right? We here at Really Right invite you to pony-up or quit telling me I’m wrong about this modern-day P.T. Barnum.
Oh, before I get to the details of the wager, Tesla stock closed Friday at $211.03. The stock was at $370.13 in mid-December.
Former hedge-fund manager Whitney Tilson isn’t shy about his bearish outlook on Tesla.
…he predicted the stock would finish 2019 under $100 — so far so good on that particular vision.
Now he’s out with another anti-Tesla missive.
“Tesla is a zillion miles from Musk’s promise of Level 5 by the end of this year and a fleet of a million robotaxis by the end of next year,” he said in an email to investors that was posted on ValueWalk.
“Level 5” is basically the point at which cars are capable of driving themselves anywhere, under any conditions, with no limitations. Of course, none of those cars are on the road currently, and critics are doubtful we’ll see them anytime soon.
In fact, Tilson is so confident that it won’t happen he says he’s willing to wager anybody who thinks otherwise. What’s more, he’s willing to bet $10,000 that Musk doesn’t even come within a year of either of those promises.
Link: Tesla bear wants to bet you $10,000 that Elon Musk fails to reach his goals
If Musk is right, you get $10K. Easy-peasy. There’re no limits on the number of people that can bet on Musk. It’s open to all takers. So, all you true believers out there, time to break-out your checkbooks. Remember, money talks and b.s. walks.
P.T. Barnum said, “There’s a suck born every minute and two to take ‘em.” Well here’s your big chance to prove him right. Ya’ll have fun betting with Elon. Oh, and rumor has it our very own Mr. X is willing to buy any takers of the bet a cold pitcher of your favorite Kool-Aid brand drink. The way I figure it, that’s the only thing you’ll ever get for making this bet, so my advice is take him up on it.